Hedge funds are expected to deliver opportunities for growing assets under management at the $20 billion Korea Investment Trust Management Company (KITMC).
The firm's overseas business unit, led by managing director Suh Jong-doo, is starting to emphasise international alternative-investment strategies. The division's other line of business, international equity mutual funds, comprises the bulk of its activity, but is seen as a declining area.
Locally domiciled, won-denominated funds for international equities have been popular products over the past few years -- unti...